RBC Leads Canadian Banks in Trimming Prime Rate -- 2nd Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Rita Trichur TORONTO--Royal Bank of Canada became the first major Canadian lender to trim its prime lending rate in response to last week's surprise interest-rate cut from the Bank of Canada. Canada's second-largest bank by assets said it would ...

Oil Resumes Slide as U.S. Supply Seen Rising Again

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Eric Yep Crude-oil futures resumed their fall in Asian trade Wednesday with another surge in weekly U.S. oil supply expected to keep oil prices under pressure. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

Asian Shares Mostly Lower

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

Stocks in Asia were mostly lower Wednesday as investors cautiously awaited a U.S. Federal Reserve statement for clues on the timing of any interest rate rise, while the Singapore dollar plunged to a 4 1/2 year low after Singapore's central ...

French Consumer Confidence Stable in January

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Ruth Bender PARIS--French consumer confidence was stable in January, a survey from statistics agency Insee showed on Wednesday. The monthly survey showed that consumer confidence stayed flat at 90 in January from the same level in December, but still ...

Swiss to Compensate Workers Hurt by Franc Strength

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Neil MacLucas ZURICH--The Swiss government said it will compensate employees forced to work fewer hours at companies hit by the sharp appreciation of the Swiss franc, marking the first domestic political action aimed at cushioning the impact of recent ...

French Consumer Confidence Stable

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

PARIS--French consumer confidence was stable in January, a survey from statistics agency Insee showed on Wednesday. The monthly survey showed that consumer confidence stayed flat at 90 in January from the same level in December, but still below a long-term ...

European Stocks Fall Following Greek Selloff

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Tommy Stubbington European stocks fell Wednesday, hit by a big selloff in Greece and caution ahead of the latest message on the path of monetary policy due from the U.S. Federal Reserve statement later in the day. The Stoxx ...

TE Connectivity to Sell Broadband Network Unit to CommScope

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Tess Stynes TE Connectivity Ltd. agreed to sell most of its business that makes equipment for telecommunications and data networks to CommScope Holding Co. for about $3 billion. The business for sale, known as network solutions, is one of ...

China Economic Growth Close to Low Point, Says Former PBOC Adviser

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Mark Magnier BEIJING--Annual economic growth of 7.0% is a "reasonable target" for China this year, a former adviser to the central bank said, adding that he expects the nation's daily foreign-exchange band to be widened when conditions are right. ...

Asian Shares Mostly Lower -- Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Chao Deng Stocks in Asia were mostly lower Wednesday as investors cautiously awaited a U.S. Federal Reserve statement for clues on the timing of any interest rate rise, while the Singapore dollar plunged to a 4 1/2 year low ...

Austrian Economic Forecaster Confirms 2014, 2015 GDP Forecasts

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Nicole Lundeen VIENNA--The Austrian economy is expected to grow 1.25% on average between 2015 and 2019, the country's main economic forecaster said Wednesday in its five-year outlook. The Austrian Institute for Economic Research, known by its German acronym WIFO, ...

Malaysia Likely to Keep Rate Steady Till Mid-2015 - Think Tank

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Jason Ng KUALA LUMPUR--Malaysia's central bank will likely keep its policy rate unchanged at least until June as the outlook for economic growth moderates and inflation remains under control, the Malaysian Institute of Economic Research, a partially government-funded think ...

Australian Consumer Prices Rise

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

SYDNEY--Australian consumer prices rose by 0.2% in the fourth quarter from the third and by 1.7% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists had expected headline inflation to rise by 0.3% from the third quarter ...

Russia Deputy FinMin: Ruble May Strengthen on Lower Imports

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

MOSCOW--Russia's foreign-exchange market has stabilized on the back of lower imports and consequently lower demand for hard currency, and the ruble may strengthen significantly, the country's deputy finance minister said Wednesday. Speaking to reporters Alexei Moiseev said "we may see ...

European Stocks Rise

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

European stocks rebounded Wednesday, lifted by some upbeat corporate news, with investors awaiting a U.S. Federal Reserve statement for clues on the likely timing of a rise in interest rates. The Stoxx Europe 600 index was 0.3% higher in early ...

China Shenhua to Build Power Plant in Xinjiang

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Joanne Chiu China Shenhua Energy Co. (1088.HK) has received approval to build a power plant in Xinjiang Uygur Autonomous Region for 4.71 billion yuan ($755 million). The country's largest listed coal producer by output said Wednesday that the Xinjiang ...

Russia Lifts Crisis Cost Estimate

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Alexander Kolyandr and Andrey Ostroukh MOSCOW--Russia has raised the price tag for its anti-crisis package as it prepares for a prolonged period of low oil prices, the government plan showed Wednesday. Moscow is seeking ways to fulfill social obligations ...

Germany's Economics Minister Opposes Greek Debt Relief

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Andrea Thomas BERLIN--German Economics Minister Sigmar Gabriel Wednesday ruled out forgiving Greek debt and called on the new government in Athens to be open to fair talks and meet conditions for aid programs. The new government of Greek Prime ...